Seriously, 8" of snow on Palm Sunday???
- Word of the day: bellfounding
- Can anybody explain to me the last paragraph of this post on farm prices and costs?
- I gotta stop writing columns on airplanes.
- I got nothing new to add other than I blame yoga itself.
- Inequality is permanent, apparently.
- Why so many people end up on disability.
- Nope, nope - still don't understand it. And I think I should.
2 comments:
Re the last paragraph of: Prices Paid for Farm Inputs vs. Prices Received for Crops: Implications for Managing Risk and Farm Policy
"Last, the lack of a trend in the ratio of crop prices to input prices adjusted for productivity"
Input prices aren't rising in lockstep with farm income.
"suggests that a key risk management strategy is to pursue the highest level of input productivity while not incurring large debt."
You should control your costs.
"Thus, history suggests a good risk management strategy is to use the current period of farm prosperity to improve farm productivity without incurring debt."
Because it ain't gonna last, invest your profits wisely.
Chuck:
That's pretty much what I doped out, but it doesn't really make much sense. See my following post.
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